Ethereum News: Pectra Upgrade Faces Major Disruptions on Sepolia Testnet

In a recent development, Ethereum’s highly anticipated Pectra upgrade encountered significant issues on the Sepolia testnet, raising concerns among the cryptocurrency community.

Ethereum’s Pectra Upgrade Faces Disruptions on Sepolia Testnet

Ethereum’s Pectra upgrade faced major disruptions on the Sepolia testnet due to a serious exploit. The exploit led to empty blocks being mined, causing significant delays in network operations. The issue occurred shortly after the upgrade’s deployment on March 5. Developers identified an error in the deposit contract that triggered an increase in issues. The initial problem arose when an incorrect transfer event replaced the expected deposit event, causing unexpected behavior in the blockchain. Developers quickly rolled out a fix after the exploit triggered errors. Meanwhile, Ethereum struggles with a market downturn, with its price below $2,000.

Sony’s Aibo Robot Dog Returns as Ethereum NFT

Tech giant Sony is commemorating 25 years since the launch of Aibo, its companion robot dog, with an officially licensed soulbound NFT collection called ’Entertainment Robot Aibo’ on the Soneium blockchain. The collection cannot be traded or transferred and can be minted for free on OpenSea’s NFT marketplace, with users required only to pay a small gas fee. Aibo’s return as a soulbound token on the Ethereum layer-2 chain reflects the nature of the original consumer robot dog.

Ethereum Price Prediction: Ethereum and Remittix to Outperform in 2025 Bull Cycle

Ethereum’s recent inclusion in the US federal crypto reserve has led to Optimism and a price prediction of up to $5000. Analysts project Ethereum to outperform most altcoins by the end of the 2025 bull run. Additionally, Remittix is gaining traction and could bring new dynamics to the cryptocurrency market.

Ethereum Price Bottom? $1.8B ETH Outflow Sparks Market Speculation

Ethereum (ETH) price saw its largest weekly exchange outflow since Dec. 2022, with $1.8 billion in withdrawals. Despite ongoing bearish sentiment, the movement suggests accumulation among investors. Technical indicators reveal a critical resistance level that ETH must reclaim to confirm a price bottom. According to IntoTheBlock, Ethereum outflows from exchanges surged last week, marking the highest withdrawal levels in over two years. The firm noted that the trend hints at investor confidence despite ETH’s struggle. ’Despite ongoing pessimism around Ether prices, this trend suggests many holders see current levels as a strategic buying opportunity,’ IntoTheBlock posted.